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Boring Company: Musk-Tunnelbauer sammelt drei Milliarden Dollar ein

Mit der Boring Company baut Elon Musk unterirdische Tunnel. Nun sichert sich die Firma frisches Kapital aus den Emiraten – und wird nun mit 23 Milliarden Dollar bewertet.

Boring Company: Musk-Tunnelbauer sammelt drei Milliarden Dollar ein

Elon Musk's Boring Company has raised $3 billion in fresh capital, valued at $23 billion, marking a significant milestone in the company's journey. The funding, sourced from the United Arab Emirates and associated investment entities, aims to accelerate the development of extensive underground transportation infrastructure in the UAE.

Over 150 kilometers of tunnels are part of this ambitious project. Besides other notable investors like Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, A16Z, Temasek, Shamal Holding, and Baron Capital, the financing round also includes existing and new backers. This influx of funds is a crucial step for Boring, as the company has been struggling to make significant progress on its high-profile plans for a futuristic, ultra-fast underground Hyperloop since its inception a decade ago.

In 2022, Boring embarked on a new venture with the construction of a tunnel in Nashville, Tennessee, and is also working on a project in Dubai.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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